Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1887-05-25
StauntOn Markets.
SPECTATOR OFFICE,
StauntOn Va. Nav "a 1887

Many farmers of Augusta county, and per-
haps the same remark is applicable to other
sections of the Valley, are still in possession OF
| their wheat. The favorable condition of the
growing crop through most of the wheat-belt is
a matter which concerns them, because it Is
exercising an influence on the foreign demand
which has to be supplied before the yields Of
1887 are available for that purpose. An effort
conducted with more than ordinary quietness
has been made to withhold the natural flow of
supplies from the United States during the
interval, and compelling. as it were. the
foreign markets to respond under the effect OF
Inadequate supplies during this period. The
clique engaged in making the "corner" has
its organized ope rators mainly in England. at
Chicago, and on the Pacific coast. The inward
ness of the deal will not be made plain until
suficIency of wheat is held In the elevators to
warrant a successful edict. The corner
could not be made as desired in May. 1t may
not be successful. in June; and if July shall
not warrant the risk, the accumulation can be
eased off in lots without loss, and according to
the antcipations of foreign consumers, that
the gradual supply would be equal to the
wants even under the acknowledged insult
flciency in England, France and other Euro
pean markets-much less now than 1t was at
this time of former years.
The last statement of the visible supply in
the United States east of the Rocky Noun
tains and in Canada was 44,46S.536 bushels,
nearly 1000 600 less than the previous week..
The wheat in sight one year ago was 49, 500, SOL
bushels, showing only small increase row in
the face of a crop which was nearly one hun
dred million bushels greater in 1856 than in
1885. These figures are significant, especially
when considered in connection with the largely
Eur0naan
now, as compared with the sane time one year
ago.
If the co1nbinati ons named are really in ex-
istence-and all the facts point that way-there
will not be much difficulty in carrying forward
| their designs; for with such an accumulation
in store upon which certificates and bills of
exchange can be Issued, thereby augmenting
the capital to handle the scheme, an advance
may be anticipated. This is one view and of
| course eopiectural. fit miscarry, the damage
| will be light if any at all.
Applying the condition of things to the situ-
| alton here at home, it would seem that our
| farmers. with their crops on hand, should
| have them ready cleaned and in good order for
| delivery at any day to enable them to take ad-
| vantage of a sudden rise, If it should Occur, or
to throw them on the market before the fall
has gained a steady downward tendency.
| ibis JuHcluT0 Vi eV6ntS QemOuSLTal6S Inc aD-
solute necessity for elevator-room at Staunton,
If not also. in other localities on our railroads
The Rapline Elevator has had a good effect for
that section of country, and, to meet the grow
ing demand, its enlargement is in contempla-
| ton. II all the wheat in Augusta county for
sale were now in. elevators. the advantages
| during the remaining weeks of fuctuating
prices would result in large gains to our pro-
ducers. and to the increased and permanent
wealth of the county. The project of erecting
an elevator in Staunton is now under conside-
ration by the Chamber OF Commerce. and per-
haps the Committee in charge of the subject
will report at the June meeting of that body.
| Receipts of wheat and wool continue liberal,
with farmness at former quotations.
! Coffee continues to advance and is quoted as
follows: Rio, 2O@2l1a cents; Laguayra. 2i@22
cents Java, 25@2s cents.
North Carolina pped-herring is added to
the price current, and is quoted at S5.25 per
| barrel.
There is slight advance in Western lard.
| The quotations are wholesale, not RETAIL
| COuutry Produce.